Updating my idea on Bitcoin - USD Dollar () in more detail. I have 3 limit sell orders open at levels $9477, $9900 and last level 10180 USD, my first take profit target at $8000, second $7100 and third $6370. Stop loss at $11000
BTC - zigzag correction in mid term
from first hours of this last move up to 8800 i was skeptic. even though i traded this move but i got out of market yesterday by parking on USD. i just thought that this move to 8800 more and more is getting similar to wave 5 on wave principle (elliot wave theory) and now by forming a possible Rising wedge it is going to be a very one actually. So If we see a dump...
This analysis is for swing traders, wait for a break from the trend line to add a better position. 200 ema nearly the Parallel Channel .
The price is going down. It is an absolute certainty. Every single indicator is pointing to that, but do not underestimate the bullish sentiment. Plenty of corn lovers here who could create some mess short term. Be very careful with your stop losses.
Bitcoin can not get enough demand. I'm expecting a huge decline. Btw, I'm not going to trade this setup. Just analysing! FYI: This is a SELL STOP setup. This is not financial advice.
Looking to sell short bitcoin at 3977 (stop at 3450).
Bitcoin Technical Overview: Key Resistance: $6280 - $6340 - $6392 - $6450 Key Support: $6230 - $6170 - $6116 - $6036 Technical Indicator: RSI: RSI lacks upside momentum, in chart dotted red line is strong resistance for XAUUSD. MACD: Indicator having strong seller volume. Moving Avg: SMA50 ($6388.41) & SMA20 ($6434.35) strong resistance for the day (4H...
BTCUSD The price has been ranging in the last 2 days and I'm waiting for a breakout to push the price towards $5700. A short position at $6300, with a stop loss at $6600 and a take profit at $5700, would give a good risk to reward of 1:2.
The cartel has done done its work again by rejecting the Bitcoin ETF at a crucial break-out level. Luckely I've place my sell stop and am short now.
The second part of the bear cycle has just started as it broke the triangle
BTC SHORT: • Entry Price : $7,917 • Stop Loss : $8,261 (4.35% loss) • Profit Target Price : $5,028 • Risk/Reward Ratio : 8.39/1 • Profit Potentia l: 36.49% This chart is setup using an inverse HVF. At this current moment it is sitting really pretty at the Downside Target 1. I do expect BTC 1.56% to rally back up for a proper retracement, possibly back up to...
This chart is setup using an inverse HVF. At this current moment it is sitting really pretty at the Downside Target 1. I do expect BTC to rally back up for a proper retracement, possibly back up to the $8k area. I might then consider a possibility to then enter a short position once this has taken place see it break out of the funnel to the downside again....
This is a mine "holy grail" chart...risk always 1/15 risk/reward. Happy trading.
It shoudl be the Top of the Bottomo... Fingers crossed.....
Hi friends! Scary things are happening to bitcoin. We not just broke the 200 MA, but we are also about to break the almost 1 year Bullish trendline. Yes as you can see it is on the log chart. Since I am a new technical analyst, I have thirst for knowledge and want to learn as much at is possible. In the book named: Alan Farley - The Master Swing Trader, I read...